High-Yield Savings Account Rates Are Set to Decline. Where to Put Your Cash Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Barron's
Interest Rate Changes: With the Federal Reserve expected to cut interest rates, savers should consider alternatives like CDs and Treasury notes to lock in current yields, as high-yield savings account rates are likely to decline by about 2 percentage points over the next year.
Investment Options: Certificates of deposit (CDs) and no-penalty CDs offer competitive interest rates, while Treasury bills and notes provide flexibility and tax advantages, making them viable options for investors looking to safeguard their savings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
